I'm based in the UK just outside of London and also raised an eyebrow when I read the "frothy" statement. Frothy eh? That's not what my interactions have taught

I'm based in the UK just outside of London and also raised an eyebrow when I read the "frothy" statement. Frothy eh? That's not what my interactions have taught me. Investors want to see a clear idea, ideally already well executed and underway and a line of sight to profitability that requires their £'s and perhaps their experience to boot. This is as opposed to having some vague "It's like Facebook for nymphomaniac Eskimos" concept that it seems anybody in SV is capable of getting funding for. We spoke with a couple of investors about my start up and ultimately concluded that we would bootstrap as frankly there are too many time wasters out there...